Vulnerability Portal – Resources

ABOUT: Highlighting New Insights on Debt Advice Referrals LINK: https://www.bristol.ac.uk/media-library/sites/geography/pfrc/documents/Joined%20up_web.pdf Summary The University of Bristol’s Personal Finance Research Centre (PFRC) published a report in November 2023 focusing on debt advice referrals. This briefing introduces new findings regarding the functioning and improvement of debt advice referrals within a complex ecosystem. The report reveals that 59% of StepChange Debt Charity’s clients have been involved in either inward or outward referrals, often engaging with multiple organizations, indicating a fragmented and complicated referral process.… Read more

ABOUT: Quantum Computing Poised to Revolutionize Industries and Societal Functions. LINK: https://www.citigroup.com/global/insights/citigps/quantum-computing Summary This report explores the burgeoning quantum computing (QC) industry, projecting it as the defining technology of the 2020s. It emphasizes the transformative potential of QCs, which are expected to outperform classical computers in various applications. The report covers the state of the QC industry, potential applications, risks, and strategies for preparation by nation-states, corporates, and market participants. Key Points and Ideas Quantum computers operate on quantum mechanics… Read more

ABOUT: A comprehensive exploration of adapting to the FCA’s BiFD Project and Consumer Duty in the financial sector. LINK: Navigating Regulatory Shifts – whitepaper Summary The whitepaper “Navigating Regulatory Shifts” delves into the challenges and strategies for financial institutions adapting to the Financial Conduct Authority’s (FCA) BiFD Project and Consumer Duty. It highlights the evolving regulatory environment, emphasizing the need for tailored support and compliance strategies in the financial sector, and discusses the role of data-driven approaches and technology in… Read more

ABOUT: A comprehensive guide for individuals seeking help with gambling issues. LINK: GamCare Core Messages and Self-Help Toolkit Summary The GamCare Core Messages and Self-Help Toolkit is an essential resource for individuals grappling with gambling problems. It offers a blend of practical advice, support strategies, and insights into the nature of gambling addiction. The toolkit is designed to empower individuals, providing them with the knowledge and tools necessary to navigate the challenges of gambling addiction and seek appropriate help. Key… Read more

ABOUT: New Regulatory Reporting Requirements for Consumer Credit Introduced in 2023 LINK: https://www.fca.org.uk/publication/consultation/cp23-21.pdf Summary The Consumer Credit (Regulatory Reporting) Instrument 2023 introduces comprehensive amendments to the Financial Conduct Authority’s (FCA) Supervision manual. It mandates firms engaged in consumer credit lending to report detailed product sales, performance, and backbook data. These changes, effective from January 1, 2025, aim to enhance transparency and regulatory oversight in the consumer credit sector. Key Points and Ideas The instrument is enacted under the Financial Services… Read more

ABOUT: UK’s digital engagement surges in 2023, with Alphabet and Meta dominating the online space. LINK: https://www.ofcom.org.uk/__data/assets/pdf_file/0029/272288/online-nation-2023-report.pdf SUMMARY: The “Online Nation 2023 Report” provides an in-depth analysis of the UK’s digital landscape, highlighting key trends in internet usage, popular online platforms, and emerging challenges. The report covers the widespread use of smartphones for internet access, the prevalence of Alphabet and Meta-owned platforms, and the significant role of YouTube across different age groups. It also discusses the challenges of internet affordability,… Read more